According to the Commodity Market Analysis System of Shengyi Society, the price of domestic polyester filament has declined this week. Currently, the mainstream polyester filament factories in Jiangsu and Zhejiang, POY (150D/48F), offer prices of 7400-7600 yuan/ton, polyester DTY (150D/48F low elasticity), offer prices of 9000-9200 yuan/ton, and polyester FDY (150D/96F), offer prices of 8000-8200 yuan/ton.
In early August, the inventory pressure of polyester factories increased and price promotions were launched. In mid to late August, downstream users showed a strong downward trend, and the polyester filament market had light trading with sparse actual transactions. The overall inventory of polyester market is concentrated in 12-24 days.
In terms of raw materials, the PTA internal price has dropped from the highest point of 6110 yuan/ton to the current 5350 yuan/ton; The price of ethylene glycol in the inner plate has dropped from the highest of 4820 yuan/ton to the current 4585 yuan/ton. The limited cost support is the fundamental reason for the decline in filament prices.
Overall, the recent market trend of polyester filament has shown a downward adjustment in prices, and the future development of the market will be influenced by various factors, including raw material prices, market supply and demand, export situation, and policy environment.
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